XRP fell below $1 on August 11, touching $0.9915 and ending a 635-day run above the psychological support level for the first time since November 2024, as veteran trader Peter Brandt renewed his criticism and said he would immediately convert a 500,000 XRP position into Bitcoin. The drop came even as XRP Ledger adoption data remained strong, including Aviva Investors' tokenized fund launch on XRPL with approval from the Central Bank of Ireland and real-world assets on the network reaching about $4.06 billion after roughly $2.5 billion of growth in six months. Near-term signals remain mixed: August spot product net inflows were $3.27 million versus $27.29 million in July, the monthly RSI reached its most extreme reading in 12 years, analysts see support at $0.70 to $0.90 or toward $0.86 if selling accelerates, and a recovery would require a move above $1.03. Bears also point to Ripple's 10 major institutional deals during 2026 settling in RLUSD rather than XRP, highlighting concern that XRPL infrastructure can expand without the token capturing equivalent value.